WASHINGTON/HOUSTON: The White House is expected to extend a waiver of the century-old Jones Act in the coming days to try and hold down gasoline prices, sources said, as President Donald Trump escalates his attacks on Exxon Mobil and Chevron for making "too much money."
The Jones Act requires cargo moving between U.S. ports to be carried on ships built in the U.S., owned by U.S. companies and crewed by American workers, and the waiver aims to lower gas prices by increasing shipping flexibility and reducing transport bottlenecks.
